Romer: Unemployment data shows recovery continues

The Hill ^ | 09/03/10 | Jay Heflin

[matt1234]

White House Council of Economic Advisers Chairwoman Christina Romer on Friday said the Labor Department's report on the unemployed was better than expected as private-sector jobs increased by 67,000 in August.

"Against the backdrop of some unsettling economic data in the past few weeks, today's numbers are reassuring that growth and recovery are continuing," she stated in prepared remarks.

The Labor Department on Friday announced that the unemployment rate inched up to 9.6 percent in August, up from 9.5 percent in July.

The main contributor to the rate change was the government shedding 114,000 jobs as Census workers completed their work. Private-sector jobs continued to trend upward, adding 67,000 jobs last month.

Romer said that while the news is not as bleak as some expected, today's figures are lower than what is needed to grow the economy.

"There are a number of step[s] we could take to help increase private-sector job growth and put the economy on a path of steadily declining unemployment," she stated. "We will be working with Congress on these measures in the coming weeks."

[matt1234]

Rising unemployment is actually good! Who knew?!

[yldstrk]

lies

[ExTexasRedhead]

These enemies of freedom are living in a twilight zone where only delusional freaks roam.

[Clintonfatigued]

This is what’s called Cleaning Off The Fan.

[dools007]

What a crock. The good news is that the majority of voters know it’s a crock. November 2nd is only a matter of days away thank God!

[rabscuttle385]

Of course Romer is going to say nice things. After all, the unemployment rates here in Northern Virginia, which is loaded with Federal employees, Federal contractors, and individuals serving the first two groups, has range from 4.3 percent in Arlington County to as high as 5.9 percent in Prince William County.

[The Magical Mischief Tour]

Whackjobs... All of them!

[Diogenesis]

THE REAL DEAL

BLS Data Series

U-6 unemployment
Year	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2000	7.1	7.2	7.1	6.9	7.1	7.0	7.0	7.1	7.0	6.8	7.1	6.9
2001	7.3	7.4	7.3	7.4	7.5	7.9	7.8	8.1	8.7	9.3	9.4	9.6
2002	9.5	9.5	9.4	9.7	9.5	9.5	9.6	9.6	9.6	9.6	9.7	9.8
2003	10.0	10.2	10.0	10.2	10.1	10.3	10.3	10.1	10.4	10.2	10.0	9.8
2004	9.9	9.7	10.0	9.6	9.6	9.5	9.5	9.4	9.4	9.7	9.4	9.2
2005	9.3	9.3	9.1	8.9	8.9	9.0	8.8	8.9	9.0	8.7	8.7	8.6
2006	8.4	8.4	8.2	8.1	8.2	8.4	8.5	8.4	8.0	8.2	8.1	8.0
2007	8.3	8.1	8.0	8.2	8.2	8.2	8.3	8.5	8.4	8.4	8.5	8.8
2008	9.1	8.9	9.0	9.2	9.7	10.0	10.5	10.9	11.2	11.9	12.8	13.7
2009	14.0	15.0	15.6	15.8	16.4	16.5	16.4	16.8	17.0	17.4	17.2	17.3
2010	16.5	16.8	16.9	17.1	16.6	16.5	16.5	16.7

[Mr. K]

This is offically the ‘bizzaro’ adminisstration I think

[The Phantom FReeper]

We need one of those pictures of Baghdad Bob.

[tbpiper]

Who says ‘you can’t make this stuff up’?

[November 2010]

Unemployment up — recession over. These morons don’t even bother with trying to make sense anymore.

[allmost]

He’s pissing down my leg. He’s telling me it’s raining.

[ThePatriotsFlag]

What "continues" is Romer's belief that there is a recovery. How these people can look squarely at EVERY ECONOMIC indicator pointing down and even discuss recovery is amazing.

How many people watched this interview and scoffed vs the number that watched it and believed it? This morning, during that interview, credibility was again BURNED (by the bush?) and more people were "enlightened" about the "incredibility" of this administration. The truth is going to consume them in the end (November?) and enlighten those who can face it. Øbama was right. There is a fundamental transformation (I would call it a "revival") coming to America ... and it will start in November. Sometimes you have to be "in a valley" to "see the peaks."

[rlmorel]

Look at this, then decide if anyone should trust ANYTHING out of this idiot's mouth:

[November 2010]

Yah, maybe we’ll have a majority of the voting public understanding finally that the mainstream media lies to them.

[COUNTrecount]

[cranked]

Utter idiocy from this idiot-ridden Administration and its so-called “expert” economists.

Be sure you take NO classes from Romer once she returns to university level to teach...unless, of course, you seek a load of BS and laughs. =.=

[Gritty]

HEADLINE: Romer: Unemployment data shows no recovery continues

There. Fixed it.

[Chode]